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20121201
20121231
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school is the highest paid in the country. that is right here in new york city at more than $3 million. >>> national hockey league is canceling its regular season through december 30th, i know, due to lack of collective bargaining agreement. 526 games, more than 40% of the season has been canceled. that unfortunately is that [buzzer] that is end of today's speed read. liz: it is disgusting. it is horrifying. we don't seem to be any closer to a resolution on the fiscal cliff even though many are warning that the economy could face dire consequences if there is no agreement but one strategist says, why are you worrying about december 31st? that deadline isn't even the real fiscal cliff. david: that strategist is none other than peter schiff, ceo of europacific precious metals. friend of the show. peter, although i wish it was under better circumstances. you say the real cliff coming is bigger han the housing mess, bigger than the housing crisis we went through. it's the bond mess. specifically when the fed stops printing money to buy up treasurys all hell will break loose, right? >> wel
of agriculture decision to cut the greens demand forecast. fact activity in new york state declining for the fifth month in a row in december as new orders dropped in the labor market remains weak. the new york fed empire state index falling into negative 8.1 from negative 5.2 in november. liz: we have larry in the pits of the chicago mercantile exchange. he will let us know about the clothes. the fiscal deal is coming. they will find out in a second, and says the market is heavily discounted and at historic levels. should you jump in? a 100-point gain on the dow jones industrial a full percentage point for the russell and the s&p and the nasdaq rather. this is a great day, isn't it? >> a good day, that is for sure. kind of took an informal poll on the floor ask a few traders are we going to reach the fiscal cliff, are we going over it? certainly most traders were not in agreement. everyone is in agreement we're not going to go over the fiscal cliff. liz: the highest of the session of the last hours of trading, what does that tell us about the next couple of days? >> traders have con
an exchange like the nasdaq or the new york stock exchange tries to make any kind of merger or acquisition, it's usually rejected lately. >> well, i think what we've looked at is bringing together canada's financial markets under one institution so we can really have a very strong market. now, there are competitors. we have alternative trading systems that are owned and operated by other entities, and a low barrier to entry for new organizations to come to canada. but the reality is that we think we offer the most comprehensive services. david: let's talk about how our regulations might affect your companies. dodd-frank is going to have worldwide implications. >> well, dodd-frank's really important to us. in fact, i've spent personally a lot of time in washington over the last year as dodd-frank -- david: did they accept your input? >> for sure. the cftc, in particular. it impacts us in important ways because as our institutions execute interest rate swaps, they're going to have to be bilaterally cleared. or multilaterally cleared oz opposed to -- as opposed to bilaterally. and that's importan
at the new york stock exchange. david: even if it is an early day. the traders are always waiting until the last minute. see how all the stocks are finishing up with trading down your session hous lows. as we settle a little bit here. the s&p off, but no industry is doing as badly as the dow jones. we will be talking to individual stocks but not a good way to end the trading. lori: it has been a tough couple of days with all of the nonsense and the fiscal cliff. we will get that in detail on this christmas eve. let's zero in on the semiconductor names among the worst performers today with the semi etf seeing a move to the downside. including intel, texas instruments and farm holdings. david: the whole energy sector, names like chevron, marathon, all posting losses today. lori: retailers themselves were not all in on the holiday spirit on this christmas eve trading day. back in eagle, staples among the biggest losers in the sector. david: those idiots inside the beltway cannot seem to get it figured out. don't expect one anytime soon. lawmakers are gone for the holiday, so does the white
him. >> thank you, david. david: many folks in new york and new jersey, still, still can not go back to homes and businesses. so why is the sandy spending bill send lots of money to d.c.? a look what is in the $60 billion bill for hurricane sandy. liz: money to d.c. but it hit new jersey and new york. come on people. david: there you go. liz: how is this for an alternative investment? the judy garland show. rights to all the episodes. 26 are up for auctions online. how much are they expected to fetch? what is the earning potential here? we've got the man selling them. do you want in? remember what it did for elvis >> just about 42 after the hour. i'm arthel neville. this is update on breaking news story out of newtown, connecticut, where 26 people including 20 children are dead in one of the worst mass murders in our nation's history. president obama deliver ad statement last hour saying the u.s. has been through shootings like this too many times and meaningful action will have to be taken regardless of politics. the president also ordered the u.s. flag be flown at half-staff at all
: breaking news on dupont, back to nicole on the floor of the new york stock exchange. >> breaking news that's pushing the stock up 3% after hours. this is where it closed today at 4 p.m.. this is dupon here. closing up 1% at 43.69, but as i noted, moving up in the after hours. unvailing a $1 billion share buyback, also giving us guidance here going into 2013, and talking about growth and this is looking good here, folks, and this is why we are seeing this dow component, this chemical maker, liz and dave, moveing to the upside dramatically. it's breaking news, and as we noted, announcing a share buy back of the company stock, something that they talk about, the fourth quarter performance, expected at the high end of the previous guidance. this is basically saying dupont saying, we're doing great, giving nice numbers here, and as a result, the stock's jumping. back to you. liz: thank you, nicole, very much. david: s&p futures closing now, back to lair at the cme. what do you think? >> what i sense is an interesting fact behind me, closing exactly where we were right before the election, and w
-electing the president. i've got to say david democrats especially from states like california and new york, senator schumer had a simple over in the senate, where those states and certain cities in those states, $250,000 a year, catches a lot more taxpayers than it does elsewhere. david: rich edson great reporting all day rich. thank you very much. rich: thanks. liz: we still don't know what the new year will bring for you and your taxes and your tax filing. that could make life difficult for tax preparers. up next, the ceo of liberty tax, john hewitt on the fiscal cliff, how he's advising clients and why tax refunds could actually be delayed. david: how many different possibilities could there be? he will tell you. plus how about a big mac on christmas? why is mcdonald's expecting its biggest day ever on christmas day? that story is coming up in today's speed read. ♪ girl: don't look at me. second girl: your hair's a bit frizzy today. aw! ha ha! you should pick that up. announcer: every day, kids witness bullying. poor you. ha ha! they want to help but don't know how. teach your kids how to be m
: thank you larry. shibani: let's head back to the floor of the new york stock exchange where we find nicole tracking the stocks. nicole: a lot of the retailers came under pressure today. there's no doubt. take a look at the shares. but it is lower today thanks to a note from citigroup, the analyst says that there were a lot of discounts on the michael kors products and accessories and that they were even more so than black friday. that doesn't bode well for margins and revenue. as a result citigroup lowered their price target on michael kors to $60 from $68. they did maintain the buy. there's no doubt that michael kors remains a hot brand, a desired brand during the holiday season, but when you have to discount like that, not a good sign. as a result that's why a lower price target on michael kors. shibani: not a good sign, but their rose gold watch is one of the hottest items out there. fyi. a little too late. david: we have more on the high-stakes game. steve forbes will be here. could we slip from slow growth to recession? stay tuned for steve forbes. shibani: up next, getting you
street. a historic day for the new york stock exchange, the ice, going to buy it. dow jones industrials up, pretty much highs of the session. the nasdaq up just 1/4% russell up 14%. ashley: bold sliding to the lowest level in four months dropping a one.3% after a report that the u.s. economy grew more than expected, gold lining stocks into the red, all posting losses and anglo gold hitting a 52 week low. liz: what looks good? financial sector, climbing within 1%, citigroup looking pretty healthy just under 2%, bank of new york mullen, royal bank of scotland hitting 52 week highs today. ashley: natural gas climbing for the third time in four days after reports show u.s. supply falling more than expected, natural gas for january delivery ending the day up 1.3%. liz: that storm over the midwest. you see that thing out side, winnebago, the largest u.s. motor home maker is getting bigger. increasing production to mean growing demand, just reported better than expected results and that is why we slept this thing outside our studio. you don't want to know, it is $350,000 with a steering wheel
representative anne-marie burke love new york. liz: coming up, bringing jobs back to america, the ceo of a technology firm that added jobs this year and plans to bring a couple thousand more in 2013. he is not doing this out of the goodness of his heart but it is good business. find out which company it is and what skills they are looking for. dave: we will tell you what drove the markets with the data download. stocks plunging as deadline for automatic tax increases loom. all three major indices end the trading day lower but in positive territory for the week, the dow and the nasdaq closing up 1%, the sell-off dragging all ten s&p sectors lower marking the fifth day and a row the all ten sectors have moved in sink. financials and materials were this week's top performing sectors and consumer staples and telecom land. demand for u.s. goods climbing for the sixth time rising zero.7% last month, after 1.1% gain in october. orders for goods excluding aircraft excluding increase for the sixth straight month jumping to.7%. and in december, potentially higher taxes and consumer sentiment in
year. >>> goodyear is driving its way to a new stock exchange. it will move from the new york stock exchange to nasdaq later this month and trade under the current ticker, gt. >> aig preliminary estimate after tax losses related to superstorm sandy will total roughly $1.3 billion. that's the latest from the fox business network, giving you the power to prosper lauren: welcome back. time for a quick speed read of some of the day's other headlines, five stories one minute. first up the e.u. strongest member showing weakness. germany's central bank cutting its growth forecast saying german gdp will likely only expand 4% next year down from the previous estimate of 1.6%. >>> california attorney general suing delta air lines distributing the fly mobile app without a privacy policy. first in the state legal action under the online privacy law. >>> india is hoping to open big box retailers like wal-mart. they say foreign companies can own a 51% stake in retailers for the first time. >>> they uncovered a drug smuggling tunnel 39 feet below ground and ran 131 feet and equipped with ventilati
to getting a bit of a boost today. let's head back before the new york stock exchange after getting hammered these past few days. lauren: this has been an awful few days for smith & wesson. they gave back about 7%, but also provided a downgrade to neutral, this is the reason why. the analyst explicitly saying the newtown tragedy provides pressure on stricter gun laws. the ban of sales of assault rifles and magazines with overhang of the congressional gun debate going on. it will be very interesting to watch how these gu gunmakers and manufactures do with everything going on around us. we did see a nice comeback for smith & wesson today. david: let's take a look at them right now, the numbers for bed, bath, and beyond? liz: looking at a name they were waiting to see what margins were here. the stocks are trending at the moment. cse $1.75 for the outlook, that maybe what it is getting people little bit spooked. as you see, this is a big drop after the minute they came oof e headlines, when their modeling the net earnings per diluted share to increase approximately 12%, analysts looking at thos
. david: we love new york as well, mayor. you have to understand. we have our own teams here too. thank you very much. good to see you. >> thank you so much. >> thank you. liz: citigroup as you know announcing a massive 11,000 jobs are being cut. our own liz macdonald has been talking to citi executives about the possibility of even more cuts to come. find out what they're saying. david: plus call it the never-ending stimulus. look at this. as you can see money added back in 2009 continues to show up each year. where is a lot of this money ending up? what happened to the stimulus? supposed to be a one-shot deal. we had it four years in a row. when will it end? more on that coming up. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ malannouncer ] break from the holiday stress. fedex offic >> i'm robert gray with your fox business brief. eastman kodak has reportedly gotten a more than $500 million bid for its patents. "the wall street journal" repo
as the stock is a big winner at least for the year. let's head back to nicole only for the new york stat stock exce with a look. nicole: when you look at aol, it is down .7%. remember the ipo, remember this as an internet type stock. you think of these tech stocks, did you think aol would be such a great reformer? aol nearly doubled, up nearly 100% today. outperforming so many of the others. david: who would have thought aol would be an outperform her. breaking news from the treasury department, all about the debt ceiling. we have been focusing on the fiscal cliff, there is the debt ceiling limit. peter barnes with the very latest on this. >> all tied up together. secretary geithner warning it could hit the $16.4 trillion debt ceiling on december 31. on monday, new year's eve. but it can use some extraordinary measures with public finances to create $200 billion of additional headroom in the debt ceiling to push out hitting the borrowing limit for about two more months or so to around the end of february. she later released by the treasury, symmetry rights under normal circumstance that amount
of new york trading, we just took out the session low, and i know your guest is going to say he's not worried about the fiscal cliff, but there's continued concern here on the trading floor, and the minute we saw president obama was not presenting a new plan, we took out the lows of the day. important to point out in the final few minutes. david: a great point because it's been misreported in a lot of places that the president has a new plan. it's not a new plan, he mentioned the $400,000 thing like it's a new thing. it's not at all. he mentioned that a few weeks ago. what would happen if there is a conclusion over the weekend, sandy? a drop in the price of oil? >> well, the traders i talked to on the floor say that those who think we are going to get some sort of deal or conclusion to this fiscal cliff by the end of the year think it's going to be a bad deal so while some are saying that we could get a rally if there's a deal reached by the president and congress, we could get a quick ramly, it's only temporary and we face the reality of the situation in the new year, and botto
tax bill if they make 85 grand and have two kids. california, new york, new jersey taxpayers have to really watch out, because that amt will hit those guys hard. liz: okay. the fact is we've been doing a patch forever and a day on this amt situation, and like the fiscal cliff if we have to revisit this in another year, how serious could this eventually become? >> reporter: you know, it's an important question. forever and a day is a great way to put it because, yeah, i mean, congress has been doing this annually, picking it, fixing it as an afterthought. they've got to put it permanently in the tax code. and i'll tell you something, even on top of that we know that a number of obamacare taxes kick in, five of them. that's costing $36 billion of payroll tax increase will come into effect and hit the middle class. 70 separate tax breaks expire, that could effect the middle class too. but it's this one that's most serious because the mitt middle class will find that it's an unexpected tax wol lop that they've got to be careful. for secretary treasury geithner warning about it, we're
of the new york stock exchange, find out why. what's going on, lauren? >> yeah, health management associates closing at $7.50, that's down more than 5.5% on the "60 minutes" report last night that doctors at hma faced pressure to admit patients from the emergency room to fill hospital beds. the hospital administrators say their numbers are in line with the broader industry, but investors don't seem to agree, and i suppose many think that further investigations are now ahead for this company. so hma, big loser. david: who do you believe, the company or "60 minutes?" thank you, lauren, good to see you. >> now we have a counter offer from the gop. david: so what is being proposed now? fox business' rich edson joining us. by the way, i'm holding in my hand the counteroffer, and, again, they say we're clear on specifics, but it's hard to find the specifics in this stuff whether it's the gop plan or the president's plan. >> reporter: right, david. broad numbers here from the republicans. they've just countered the white house with a plan aides say saved $2.2 trillion over the next decade and on t
Search Results 0 to 16 of about 17

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